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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (21384)	3/18/1999 8:09:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 25960

Tim, actually that is not too good, the bookings are already flattening and we are not even at an annual sales rate of $12 Billion/year? That figure is less than half the selling rate during the last upmove in the Industry. What we need to see (and that is less important for CYMI than the rest of the equip. makers) is ground breaking for new fabs, there we are still "dead in the water". Zeev

To: Logain Ablar who wrote (21384)	3/18/1999 11:54:00 PM
From: Curlton Latts	Read Replies (2) \| Respond to of 25960

The SEMI B-T-B ratio of 1.17 is great news! Right on target for continued strengthening through 1999 and 2000 as the cycle up is just getting out of the starting gate. Earnings estimates are now being ratcheted upward almost monthly and I expect CYMI's $1.34 EPS projected for next year to be notched upward again. This stock and the broad market is very cheap right now. A high tech monopoly company type multiple of 50x next year's earnings $1.34 equals $67 today! There was a great article in Wednesday's Wall Street Journal that the market uptrend is only beginning and that a fairer value would be DOW 36,000. They argue that investors are rationally exuberant and that there is a declining risk premium to holding stocks as an investment. They conservatively estimate the DOW would need to go to a target 36,000 to 40,000 in order to equalize the cash returns from equities to that of bonds. DOW 40,000 would be nice - but, I think CYMI will hit $200 first. <g> Good Luck To Each And All Curly ~~~~~~^^ [6.6] ......> [_]